European financial vulnerability and the need for a rules-based international monetary system

David Vines interviewed by
Viv Davies,
04 June 2010

David Vines of Oxford University talks to Viv Davies about the vulnerability of Europe's monetary union and the need for a rules-based international monetary system. He argues that due to an unprecedented show of cooperation and worldwide coordination of fiscal and monetary policies, an all-out collapse has been prevented: the same level of cooperation and coordination will be needed to address the global savings-investment imbalances that continue to pose a threat to global stability. The interview was recorded in June 2010.